Ricoh (OTCMKTS:RICOY) Rating Lowered to Sell at Zacks Investment Research

Ricoh (OTCMKTS:RICOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Shares of Ricoh stock opened at $9.45 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.52 and a debt-to-equity ratio of 0.14. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 945.00 and a beta of 0.71. The business has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $10.00. Ricoh has a fifty-two week low of $7.05 and a fifty-two week high of $12.50.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings data on Thursday, November 4th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.08 billion. Ricoh had a net margin of 0.01% and a return on equity of 0.02%. Analysts anticipate that Ricoh will post 0.52 earnings per share for the current fiscal year.

Ricoh Company Profile

Ricoh Co, Ltd. engages in the development, production, sale, and provision of services for imaging systems, industrial printers, and network equipment. It operates through the following segments: Office Printing, Office Services, Commercial Printing, Industrial Printing, Thermal, and Others. The Office Printing segment provides multifunction devices, printers, and copiers for offices.

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